US EditionUS first-quarter auto sales get a lift from looming Trump tariffs
- Ford's retail sales rose 19% in March, contributing to a 5% increase in overall Q1 sales, despite a 1% total decline due to model discontinuations.
- General Motors reported a nearly 17% increase in new vehicle sales for Q1, noting that the upcoming 25% tariff on imports influenced buyer behavior.
- Trump's auto tariffs, effective April 3, could raise car prices by $4,000 to $12,000, affecting sales and profits across the industry.
- Analysts warned that Trump's tariffs could raise car prices, potentially causing significant chaos in pricing for the auto industry.
199 Articles
199 Articles
Winnipeg dealerships see spike in vehicle sales ahead of U.S. auto tariffs
A Winnipeg auto dealer and an industry expert both say there's been a surge in demand for vehicles ahead of U.S. President Donald Trump's Wednesday announcement that sweeping tariffs, including a 25 per cent levy on the Canadian automotive sector, are coming into effect.
Kristersson: Regrets US tariffs – but Sweden is prepared
In a post on X, Prime Minister Ulf Kristersson (M) calls the US tariff decision deeply regrettable. Minister of Foreign Trade Benjamin Dousa believes that “the US is greatly escalating the situation.” At the same time, the Prime Minister claims that Sweden is prepared.
How one of the largest auto suppliers in the world is preparing for Trump’s tariffs
Walking through a Michigan plant past whirring robotic arms and flying sparks, Swamy Kotagiri, the CEO of Canada-based auto supplier Magna MG.TO reflected on how he is trying to "control the uncontrollable" in the midst of industry-shaking tariffs.
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